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SA Fuel Price Increase October 2018 | Petrol Price South Africa

SA fuel Prices to Rise by R1 Per Litre

Petrol price in South Africa – 2015 to October 2018

South Africa’s fuel prices will INCREASE sharply on the 3rd of October 2018, with petrol price going up by about R1 per litre, a statement from the energy department showed on Monday.

The 95 grade of petrol will break a record of R17 mark in Gauteng province and R16.49 at the coast, while the diesel price is said to rise by R1.24 to R15.64 and R15.16 in Gauteng and at the coast respectively.

The R1.00 increase follows the CEF stating that the rand has depreciated against the US dollar during its most recent review period.“The average rand/US dollar exchange rate for the period 31 August 2018 to 27 September 2018 was 14.78 compared to 13.94 during the previous period,” it stated.

“This led to a higher contribution to the basic fuel prices on petrol, diesel, and illuminating paraffin.”

Petrol price increase since January 2015

Just to remind ourselves on how sharply the petrol price has increased in South Africa in the recent years, below are the monthly petrol price increase to date from January 2015.

In January 2015, 95 petrol was R11.24 per litre in the Gauteng Province, and then it dropped to R10.31 in February 2015.

From there on, fuel prices slowly followed an uptrend, with occasional small drops  and reaching R12.85 in December 2016.

At the beginning of 2017,fuel prices increase yet again, after which a sharp increase in fuel price began in March 2018.

The Current petrol price south africa is R15.86.The fuel price increase south africa will hit the R17 mark.

Fuel price 2018
Related Articles: Another Petrol Hike Hits the R16 Mark Wednesday 04 July 2018

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